Introduction

Abstract

The first paper by Hernando de Soto is titled, “Trust, Institutions and Entrepreneurship.” Hernando de Soto certainly needs no introduction. As the author of two best-selling books, The Other Path and The Mystery of Capital, and the founder of the Institute for Liberty and Democracy in Peru, Hernando de Soto has made his mark on examining critical issues related to economic development among poor people. In 1999, Time magazine chose Hernando de Soto as one of the five leading Latin American innovators of the century. Forbes magazine highlighted him as one of 15 innovators “who will re-invent your future.” The Economist magazine identified his Institute for Liberty and Democracy as one of the top two think tanks in the world. The essay in this volume, based upon a speech given at the University of North Carolina on October 26, 2004, examines the important relationships between institutions, trust, property rights, and the ability of entrepreneurs to participate in economic growth and development. This stimulating essay sets a foundation for much of what is discussed in this volume.

Citation

Galbraith, C.S. and Stiles, C.H. (2006), "Introduction", Galbraith, C.S. and Stiles, C.H. (Ed.) Developmental Entrepreneurship: Adversity, Risk, and Isolation (International Research in the Business Disciplines, Vol. 5), Emerald Group Publishing Limited, Leeds, pp. xv-xxiv. https://doi.org/10.1016/S1074-7877(06)05023-9